Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Equities Rule 7.16 To Specify That Sell Short Post No Preference Orders and Sell Short PNP Blind Orders Priced At or Below the National Best Bid Will Be Rejected on Arrival During the Short Sale Period, 21429-21430 [2016-08180]
Download as PDF
Federal Register / Vol. 81, No. 69 / Monday, April 11, 2016 / Notices
Dated: April 6, 2016.
Brent J. Fields,
Committee Management Officer.
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
[FR Doc. 2016–08228 Filed 4–8–16; 8:45 am]
BILLING CODE 8011–01–P
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77520; File No. SR–
NYSEArca–2016–51]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Amending NYSE Arca
Equities Rule 7.16 To Specify That Sell
Short Post No Preference Orders and
Sell Short PNP Blind Orders Priced At
or Below the National Best Bid Will Be
Rejected on Arrival During the Short
Sale Period
April 5, 2016.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’),2 and Rule 19b–4 thereunder,3
notice is hereby given that on March 24,
2016, NYSE Arca, Inc. (the ‘‘Exchange’’
or ‘‘NYSE Arca’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the self-regulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
mstockstill on DSK4VPTVN1PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
NYSE Arca Equities Rule 7.16 (‘‘Short
Sales’’) to specify that Post No
Preference (‘‘PNP’’) orders and PNP
Blind orders priced at or below the
national best bid will be rejected on
arrival during the Short Sale Period. The
proposed rule change is available on the
Exchange’s Web site at www.nyse.com,
at the principal office of the Exchange,
and at the Commission’s Public
Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
VerDate Sep<11>2014
18:37 Apr 08, 2016
Jkt 238001
1. Purpose
NYSE Arca Equities Rule 7.16 (‘‘Rule
7.16’’) governs the treatment of sell
short orders on the Exchange to comply
with the requirements of Rule 201 of
Regulation SHO.4 Currently,
7.16(f)(v)(D)(ii) provides, in part, that
PNP Blind Orders will be re-priced and
displayed at a Permitted Price 5 during
the Short Sale Period.6 The Exchange
recently determined that, during a Short
Sale Period, if the Exchange’s best bid
is the national best bid, PNP Blind short
sale orders do not re-price to a
Permitted Price but rather, the orders
execute at the national best bid.
To address this issue, the Exchange is
proposing to amend Rule 7.16(f)(v) by
adding new subsection (H) to provide
that, during a Short Sale Period, the
Exchange would reject on arrival sell
short PNP Orders and sell short PNP
Blind Orders priced at or below the
national best bid.7
The Exchange believes that the
proposed change would eliminate the
potential for sell short PNP Orders and
PNP Blind Orders to execute at the
national best bid during a Short Sale
Period.
4 17
CFR 242.201.
7.16(f)(v)(C) defines the term ‘‘Permitted
Price’’ as one minimum price increment above the
current national best bid. The Permitted Price for
securities for which the national best bid is $1 or
more is $.01 above the national best bid; the
Permitted Price for securities for which the national
best bid is below $1 is $.0001 above the national
best bid.
6 A ‘‘Short Sale Period’’ is defined in Rule
7.16(f)(iv) as the period during which the Short Sale
Price Test is in effect. A Short Sale Price Test is
defined in Rule 7.16(f)(ii) as the period when the
Exchange will not execute or display a short sale
order with respect to a covered security at a price
that is less than or equal to the current national best
bid if the price of that security decreases 10% or
more, as determined by the listing market for the
security, from the security’s closing price on the
listing market as of the end of regular trading hours
on the prior day. Rule 7.16P, rather than Rule 7.16,
governs the treatment of sell short orders for
symbols trading on the Exchange’s Pillar trading
platform.
7 Due to technology limitations, the Exchange is
not able to address this issue without rejecting both
sell short PNP Orders and sell short PNP Blind
Orders priced at or below the national best bid
during the Short Sale Period. As such, the proposed
rule text specifies that the Exchange would reject
both sell short PNP Orders and sell short PNP Blind
Orders, received during the Short Sale period,
priced at or below the national best bid.
5 Rule
PO 00000
Frm 00121
Fmt 4703
Sfmt 4703
21429
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the
Securities Exchange Act of 1934 (the
‘‘Act’’), in general, and furthers the
objectives of Section 6(b)(5),8 in
particular, because it is designed to
prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, to foster
cooperation and coordination with
persons engaged in facilitating
transactions in securities, to remove
impediments to, and perfect the
mechanism of, a free and open market
and a national market system and, in
general, to protect investors and the
public interest.
The Exchange believes that the
proposed rule change would remove
impediments to and perfect the
mechanism of a free and open market
and a national market system because it
would eliminate the potential for sell
short PNP Orders and PNP Blind Orders
to trade at the national best bid during
a Short Sale Period. The Exchange
further believes that the proposed rule
change is reasonable and appropriate
and designed to prevent fraudulent and
manipulative acts because it provides
more certainty to members and the
investing public of how the Exchange
will treat incoming short sale PNP
Orders and short sale PNP Blind Orders
during a Short Sale Period.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed change is not designed to
address any competitive issue but rather
to eliminate the potential for sell short
PNP Orders and PNP Blind Orders to
trade at the national best bid during a
Short Sale Period.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change
does not (i) significantly affect the
protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
8 15
E:\FR\FM\11APN1.SGM
U.S.C. 78f(b)(5).
11APN1
21430
Federal Register / Vol. 81, No. 69 / Monday, April 11, 2016 / Notices
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 9 and Rule 19b–
4(f)(6) thereunder.10
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 11 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 12
permits the Commission to designate a
shorter time if such action is consistent
with the protection of investors and the
public interest. The Exchange has asked
the Commission to waive the 30-day
operative delay so that the proposal may
become operative immediately upon
filing. The Exchange stated that the
proposed rule change is designed to
assure compliance with Rule 201 of
Regulation SHO 13 by assuring that the
Exchange will not execute or display a
sell short PNP or a sell short PNP Blind
order at or below the national best bid
during a Short Sale Period. The
Exchange further stated that waiver of
the operative delay would allow the
Exchange to implement the rule change
without delay, which would help
eliminate potential investor confusion
regarding how sell short PNP and PNP
Blind Orders will be treated on arrival
during a Short Sale Period. The
Commission believes the waiver of the
operative delay is consistent with the
protection of investors and the public
interest. Therefore, the Commission
hereby waives the operative delay and
designates the proposal operative upon
filing.14
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6). As required under Rule
19b–4(f)(6)(iii), the Exchange provided the
Commission with written notice of its intent to file
the proposed rule change, along with a brief
description and the text of the proposed rule
change, at least five business days prior to the date
of filing of the proposed rule change, or such
shorter time as designated by the Commission.
11 17 CFR 240.19b–4(f)(6).
12 17 CFR 240.19b–4(f)(6)(iii).
13 17 CFR 242.201.
14 For purposes only of waiving the 30-day
operative delay, the Commission has also
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
mstockstill on DSK4VPTVN1PROD with NOTICES
10 17
VerDate Sep<11>2014
18:37 Apr 08, 2016
Jkt 238001
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–08180 Filed 4–8–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77516; File No. SR–
NYSEArca–2016–15]
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rulecomments@sec.gov. Please include File
Number SR–NYSEArca–2016–51 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street
NE., Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NYSEArca–2016–51. This
file number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE.,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–
NYSEArca–2016–51, and should be
submitted on or before May 2, 2016.
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing of Proposed
Rule Change, as Modified by
Amendment No. 1, To Amend Rule
6.67(c) by Revising the Clearing
Member Requirements for Entering an
Order Into the Electronic Order
Capture System (‘‘EOC’’)
April 5, 2016.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on March
22, 2016, NYSE Arca, Inc. (the
‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. On March 30, 2016, the
Exchange filed Amendment No. 1 to the
proposed rule change. The Commission
is publishing this notice to solicit
comments on the proposed rule change,
as modified by Amendment No. 1, from
interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of the Substance
of the Proposed Rule Change
The Exchange proposes to amend
Rule 6.67(c) by revising the
requirements for entering an order into
the Electronic Order Capture System
(‘‘EOC’’). The proposed rule change is
available on the Exchange’s Web site at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
15 17
PO 00000
CFR 200.30–3(a)(12).
Frm 00122
Fmt 4703
Sfmt 4703
E:\FR\FM\11APN1.SGM
11APN1
Agencies
[Federal Register Volume 81, Number 69 (Monday, April 11, 2016)]
[Notices]
[Pages 21429-21430]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08180]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-77520; File No. SR-NYSEArca-2016-51]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca
Equities Rule 7.16 To Specify That Sell Short Post No Preference Orders
and Sell Short PNP Blind Orders Priced At or Below the National Best
Bid Will Be Rejected on Arrival During the Short Sale Period
April 5, 2016.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that on March 24, 2016, NYSE Arca, Inc. (the ``Exchange'' or
``NYSE Arca'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend NYSE Arca Equities Rule 7.16
(``Short Sales'') to specify that Post No Preference (``PNP'') orders
and PNP Blind orders priced at or below the national best bid will be
rejected on arrival during the Short Sale Period. The proposed rule
change is available on the Exchange's Web site at www.nyse.com, at the
principal office of the Exchange, and at the Commission's Public
Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
NYSE Arca Equities Rule 7.16 (``Rule 7.16'') governs the treatment
of sell short orders on the Exchange to comply with the requirements of
Rule 201 of Regulation SHO.\4\ Currently, 7.16(f)(v)(D)(ii) provides,
in part, that PNP Blind Orders will be re-priced and displayed at a
Permitted Price \5\ during the Short Sale Period.\6\ The Exchange
recently determined that, during a Short Sale Period, if the Exchange's
best bid is the national best bid, PNP Blind short sale orders do not
re-price to a Permitted Price but rather, the orders execute at the
national best bid.
---------------------------------------------------------------------------
\4\ 17 CFR 242.201.
\5\ Rule 7.16(f)(v)(C) defines the term ``Permitted Price'' as
one minimum price increment above the current national best bid. The
Permitted Price for securities for which the national best bid is $1
or more is $.01 above the national best bid; the Permitted Price for
securities for which the national best bid is below $1 is $.0001
above the national best bid.
\6\ A ``Short Sale Period'' is defined in Rule 7.16(f)(iv) as
the period during which the Short Sale Price Test is in effect. A
Short Sale Price Test is defined in Rule 7.16(f)(ii) as the period
when the Exchange will not execute or display a short sale order
with respect to a covered security at a price that is less than or
equal to the current national best bid if the price of that security
decreases 10% or more, as determined by the listing market for the
security, from the security's closing price on the listing market as
of the end of regular trading hours on the prior day. Rule 7.16P,
rather than Rule 7.16, governs the treatment of sell short orders
for symbols trading on the Exchange's Pillar trading platform.
---------------------------------------------------------------------------
To address this issue, the Exchange is proposing to amend Rule
7.16(f)(v) by adding new subsection (H) to provide that, during a Short
Sale Period, the Exchange would reject on arrival sell short PNP Orders
and sell short PNP Blind Orders priced at or below the national best
bid.\7\
---------------------------------------------------------------------------
\7\ Due to technology limitations, the Exchange is not able to
address this issue without rejecting both sell short PNP Orders and
sell short PNP Blind Orders priced at or below the national best bid
during the Short Sale Period. As such, the proposed rule text
specifies that the Exchange would reject both sell short PNP Orders
and sell short PNP Blind Orders, received during the Short Sale
period, priced at or below the national best bid.
---------------------------------------------------------------------------
The Exchange believes that the proposed change would eliminate the
potential for sell short PNP Orders and PNP Blind Orders to execute at
the national best bid during a Short Sale Period.
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Securities Exchange Act of 1934 (the ``Act''), in general, and furthers
the objectives of Section 6(b)(5),\8\ in particular, because it is
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in facilitating transactions in
securities, to remove impediments to, and perfect the mechanism of, a
free and open market and a national market system and, in general, to
protect investors and the public interest.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Exchange believes that the proposed rule change would remove
impediments to and perfect the mechanism of a free and open market and
a national market system because it would eliminate the potential for
sell short PNP Orders and PNP Blind Orders to trade at the national
best bid during a Short Sale Period. The Exchange further believes that
the proposed rule change is reasonable and appropriate and designed to
prevent fraudulent and manipulative acts because it provides more
certainty to members and the investing public of how the Exchange will
treat incoming short sale PNP Orders and short sale PNP Blind Orders
during a Short Sale Period.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The proposed change is not
designed to address any competitive issue but rather to eliminate the
potential for sell short PNP Orders and PNP Blind Orders to trade at
the national best bid during a Short Sale Period.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were solicited or received with respect to the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change does not (i) significantly affect
the protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become
[[Page 21430]]
operative for 30 days from the date on which it was filed, or such
shorter time as the Commission may designate, it has become effective
pursuant to Section 19(b)(3)(A) of the Act \9\ and Rule 19b-4(f)(6)
thereunder.\10\
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written
notice of its intent to file the proposed rule change, along with a
brief description and the text of the proposed rule change, at least
five business days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the Commission.
---------------------------------------------------------------------------
A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act \11\ normally does not become operative for 30 days after the date
of its filing. However, Rule 19b-4(f)(6)(iii) \12\ permits the
Commission to designate a shorter time if such action is consistent
with the protection of investors and the public interest. The Exchange
has asked the Commission to waive the 30-day operative delay so that
the proposal may become operative immediately upon filing. The Exchange
stated that the proposed rule change is designed to assure compliance
with Rule 201 of Regulation SHO \13\ by assuring that the Exchange will
not execute or display a sell short PNP or a sell short PNP Blind order
at or below the national best bid during a Short Sale Period. The
Exchange further stated that waiver of the operative delay would allow
the Exchange to implement the rule change without delay, which would
help eliminate potential investor confusion regarding how sell short
PNP and PNP Blind Orders will be treated on arrival during a Short Sale
Period. The Commission believes the waiver of the operative delay is
consistent with the protection of investors and the public interest.
Therefore, the Commission hereby waives the operative delay and
designates the proposal operative upon filing.\14\
---------------------------------------------------------------------------
\11\ 17 CFR 240.19b-4(f)(6).
\12\ 17 CFR 240.19b-4(f)(6)(iii).
\13\ 17 CFR 242.201.
\14\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------
At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an email to rule-comments@sec.gov. Please include
File Number SR-NYSEArca-2016-51 on the subject line.
Paper Comments
Send paper comments in triplicate to Brent J. Fields,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-NYSEArca-2016-51. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (https://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street NE.,
Washington, DC 20549 on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such filing also will be available
for inspection and copying at the principal office of the Exchange. All
comments received will be posted without change; the Commission does
not edit personal identifying information from submissions. You should
submit only information that you wish to make available publicly. All
submissions should refer to File Number SR-NYSEArca-2016-51, and should
be submitted on or before May 2, 2016.
---------------------------------------------------------------------------
\15\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\15\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-08180 Filed 4-8-16; 8:45 am]
BILLING CODE 8011-01-P